During the financial crisis, when the global economy faced its gravest threat since the 1930s, policymakers sprang into action. To stimulate the economy, central banks slashed interest rates and politicians spent lavishly. As a result, the recession, though bad, was far less severe than the Depression. Unfortunately, however, that quick response nearly exhausted governments’ economic arsenals. […]
A perfect storm is brewing this summer for emerging markets, and it could hit hard in September. Read Here – CNN Money
Americans bought almost $1 out of every $5 worth of goods that China exported in May, the highest share since August 2010. While Chinese shipments to trading partners including Japan, Europe and South Korea tumbled last month from a year ago, those to the U.S. climbed 7.8 percent. That helped make America the destination for 18.8 […]
More than two thousand years ago, China’s Han Dynasty launched the Silk Road, a sprawling network of commerce that linked South and Central Asia with the Middle East and Europe. Today, the idea of a “New Silk Road,” an intertwined set of economic integration initiatives seeking to link East and Central Asia, has taken hold […]
When it comes to Asian companies investing abroad, Italy has traditionally been a rather neglected destination. Asian companies remained spooked by the weakness of the Italian investment climate after decades of red tape and political interference. As a result there are no large Japanese or South Korean plants in car-making and consumer electronics. These companies […]
The term “Chimerica” has been the epitome of the wishful thinking of liberal intellectuals around the world who deterministically infer that U.S. and Chinese economic interdependence ensures a peaceful hegemonic transition. According to this argument, as both Washington and Beijing engage in a positive sum economic relationship and enhance their material position ad infinitum, the […]
An evergreen joke among speakers at the World Economic Forum’s annual meeting in Davos warns against making predictions. Whatever you say, the punchline goes, will be proven wrong. Read Here – BusinessWeek
The near-global stagnation witnessed in 2014 is man-made. It is the result of politics and policies in several major economies – politics and policies that choked off demand. In the absence of demand, investment and jobs will fail to materialize. It is that simple. Read Here – Project Syndicate
Businessweek takes a look at what to expect next year
looking beyond borders 